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Car Sharing - Global Strategic Business Report

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    Report

  • 372 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5139733
The global market for Car Sharing is estimated at US$3.0 Billion in 2023 and is projected to reach US$9.5 Billion by 2030, growing at a CAGR of 17.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the car sharing market is driven by several factors. The global car sharing market has thrived by leveraging the escalating costs and logistical challenges associated with car ownership, especially in densely populated urban centers. The increasing urbanization and associated challenges such as traffic congestion and parking shortages are pushing more people towards car-sharing services as a practical alternative to car ownership. Economic factors, including the high costs of purchasing, maintaining, and insuring a private vehicle, make car sharing an attractive option, especially for younger generations who prioritize experiences over ownership.

Environmental concerns and the push for sustainable urban mobility solutions are also significant drivers, as car sharing helps reduce the overall number of vehicles on the road and lowers carbon emissions. Additionally, government policies and incentives promoting shared mobility and the development of smart city initiatives are encouraging the expansion of car-sharing services. These factors, combined with continuous technological advancements and changing consumer preferences, are propelling the robust growth of the car sharing market, making it a vital component of modern urban transportation systems.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Free Floating Car Sharing Model segment, which is expected to reach US$3.8 Billion by 2030 with a CAGR of a 17.3%. The Station-Based Car Sharing Model segment is also set to grow at 16.4% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $806.7 Million in 2023, and China, forecasted to grow at an impressive 23.8% CAGR to reach $2.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Car Sharing Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Car Sharing Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Car Sharing Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Avis Budget Group Inc., Cambio Mobility Service GmbH & Co. KG, Communauto Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 79 Featured):

  • Avis Budget Group Inc.
  • Cambio Mobility Service GmbH & Co. KG
  • Communauto Inc.
  • Ekar Car Rental LLC (UAE)
  • Enterprise Holdings Inc. (Enterprise Mobility)
  • Getaround Inc.
  • Goldbell Engineering Pte. Ltd.
  • Hertz Global Holdings Inc.
  • Sixt SE
  • Stellantis NV
  • Turo Inc.
  • Share Now GmbH
  • Socar Mobility Malaysia Sdn. Bhd.
  • Zipcar, Inc.
  • Zoomcar™ Ltd.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Although Declining for the First Time Since the Russia-Ukraine War, Global Oil Prices Still Remains Higher Than 2019 Levels Which In Turn Will Take Inflation Longer Than Expected to Fall: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve: Global Inflation Rates (In %) for the Years 2019 through 2024
  • Global Economy Slowly Limps Towards Recovery, Resiliently Navigating the War & Decades-High Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • Impact of Remote Working during Pandemic on Vehicle Utilization
  • Impact of COVID-19 on the Car Sharing Industry
  • Competitive Scenario
  • Car Rental Companies Lean Towards Sharing Mobility Services
  • Select Innovations & Advancements
  • Car Sharing - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Global Market Prospects & Outlook
  • Car Sharing Services Gain from Technological Advancements
  • Infrastructure Availability, Awareness Programs, and Collaboration Critical for the Success of Car Sharing Programs
  • Regional Analysis
  • Car Sharing: Transforming Urban Mobility
  • Comparative Analysis of Car Sharing and Car Ownership Environmental Impacts
  • Insourcing within the Car Sharing Sector
  • Recent Market Activity
  • Select Global Brands
  • Influencer Market Insights
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Falling Growth in New Car Sales Shifts OEM Focus to New Revenue Streams
  • Global Automobile Production in Million Units for the Period 2008-2023
  • Technology Innovations to Spearhead Growth
  • Smartphones & Mobile Apps Widen Scope & Span of Car Sharing Business
  • Smartphone Penetration (as a Proportion of Total Mobile Users) by Region for the Years 2018 and 2025
  • Increasing Implementation of GPS & Telematics
  • 5G to Accelerate the Role of Cloud Based Solutions for Automotive Sector
  • Subscription Packages: The New Marketing Approach
  • Peer-to-Peer Ridehailing Drives Momentum in Car Sharing Volumes
  • Evolution and Impact of Peer-to-Peer Car Sharing
  • Increasing Emissions Regulations Drive PEER-TO-PEER (P2P) Car Sharing Market
  • Car Sharing Attracts New Groups of Enterprises
  • Micromobility: A Fast Emerging ‘Muscular’ Competitor for Car Sharing
  • Why the Auto Industry Needs to Urgently Move Towards Green Mobility? The Answer Lies in its Carbon Footprint
  • With Transport Emissions Continuing to Increase At a Rate Much Faster Than GDP Growth, Pressure Builds for Charting a Roadmap for Cleaner Air: Carbon Footprint Forecasts for the Global Transport Industry (In Billion Metric Tons) for Years 2020, 2025, 2030, 2035, 20240, 2045 & 2050
  • EVs’s Multi-Pronged Strategic Move to De-Carbonization
"Let the Data Speak for Itself": Lifecycle GHG Emissions for Medium-Size Passenger Cars by Type (In g·CO2eq/km) As of the Year 2022
  • Electric Vehicles Dominate Car Sharing Fleets, Outsourcing Loses Sheen
  • AI Enables Inventory Optimization
  • Prominent Trends Painting the Urban Mobility World Green
  • Trends Poised to Unwind a Bright Future for Mobility
  • Electric Mobility Enjoys Spotlight with Expansion of Mobility-as-a-Service
  • Global Electric Mobility Services Market (In US$ Million) for Years 2022, 2024, 2026, 2028 & 2030
  • Challenges Facing the Electric Mobility Market
  • EV Shared Mobility to Push Up Demand for EVs Higher Than Personal Ownership
  • World Electric Vehicles (EV) Market: Annual Sales In Thousand Units For Years 2020 Through 2027
  • Why EV Car sharing is Garnering Attention?
  • A Peek to Select Car Sharing Initiatives in Major US Cities
  • Shared Mobility to Emerge as a Game Changer for EV Adoption in the Coming Decade: Global Electric Mobility Services Market (In US$ Million) for Years 2022, 2024, 2026, 2028 & 2030
  • Autonomous Vehicles Drive the Need for New Solutions for car sharing
  • World Autonomous Vehicles Sales in ‘000 Units for Years 2020, 2022. 2024 and 2026
  • Autonomous Vehicles Commercialization & Technology Penetration Timeline
  • Smart Cities Evolve as a Sustainable Way to Accommodate World’s Growing Population
  • With Population Bursting at its Seams, Smart Cities Emerge as the Future of Sustainable Ecofriendly Living: World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Smart City Technologies & Applications in Smart Transportation Industry
  • Investment in Smart City Technology Startups a Prudent Decision amid Pandemic
  • Smart Mobility & Intelligent Transportation Gain Investments
  • Unprecedented Rise of Connected Cars as the Future of Driving to Benefit the Development of Smart Cities: Global Connected Vehicle Shipments (In Million Units) for the Years 2019, 2021 and 2023
  • Rapid Urbanization: A Key Factor Underlying Congested Cities
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Transformative Mobility: Car-Sharing as a Catalyst for Urban Well-being
  • Navigating Challenges in the Car-Sharing Ecosystem
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Car Sharing Market Analysis of Annual Sales in US$ Thousand for Years 2018 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Car Sharing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Car Sharing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • TABLE 4: World 12-Year Perspective for Car Sharing by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2018, 2024 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Free Floating by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Free Floating by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • TABLE 7: World 12-Year Perspective for Free Floating by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2024 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Station-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Station-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • TABLE 10: World 12-Year Perspective for Station-Based by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2024 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for P2P by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 12: World Historic Review for P2P by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • TABLE 13: World 12-Year Perspective for P2P by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2024 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Round Trip by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Round Trip by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • TABLE 16: World 12-Year Perspective for Round Trip by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2024 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for One Way Trip by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 18: World Historic Review for One Way Trip by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • TABLE 19: World 12-Year Perspective for One Way Trip by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2024 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Business by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Business by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • TABLE 22: World 12-Year Perspective for Business by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2024 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Private by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Private by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • TABLE 25: World 12-Year Perspective for Private by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2018, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Car Sharing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Car Sharing Ignites Interest
CANADA
  • Car Sharing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2023 (E)
JAPANCHINA
EUROPE
  • Car Sharing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
FRANCEGERMANY
ITALY
  • Market Overview
UNITED KINGDOMSPAIN
RUSSIA
  • Rise of Car Sharing Services
REST OF EUROPE
ASIA-PACIFIC
  • Car Sharing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
LATIN AMERICA
  • Car Sharing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Avis Budget Group Inc.
  • Cambio Mobility Service GmbH & Co. KG
  • Communauto Inc.
  • Ekar Car Rental LLC (UAE)
  • Enterprise Holdings Inc. (Enterprise Mobility)
  • Getaround Inc.
  • Goldbell Engineering Pte. Ltd.
  • Hertz Global Holdings Inc.
  • Sixt SE
  • Stellantis NV
  • Turo Inc.
  • Share Now GmbH
  • Socar Mobility Malaysia Sdn. Bhd.
  • Zipcar, Inc.
  • Zoomcar™ Ltd.

Table Information